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How much does it cost to insure a new car in Dubai?
To insure a new car in Dubai, the cost can vary depending on several factors, but here's a general overview to help you understand what to expect.
Firstly, the cost of car insurance in Dubai is influenced by the type of coverage you choose. There are two main types: comprehensive and third-party liability insurance. Comprehensive insurance provides broader coverage, including damage to your own vehicle in addition to covering third-party liabilities, while third-party liability insurance covers damages to others' property and injury to others but not your own vehicle.
For a new car, most owners opt for comprehensive insurance due to the higher value and potential repair costs involved. The premium for comprehensive insurance is typically higher than third-party liability insurance because it offers more extensive coverage.
Secondly, the cost also depends on the make and model of your car. Insurance premiums are calculated based on factors such as the car's value, engine capacity, safety features, and susceptibility to theft. High-end or luxury vehicles generally attract higher premiums due to their higher replacement and repair costs.
Additionally, your personal driving history and age can affect the premium. Drivers with a clean driving record and more experience often receive lower insurance premiums compared to younger or less experienced drivers.
To give you a ballpark figure, insuring a new car in Dubai under comprehensive coverage can range from approximately AED 2,500 to AED 7,000 annually, approximately. This range can vary significantly based on the factors mentioned earlier and the insurance provider you choose.
It's essential to shop around and compare quotes from different insurance companies to find the best deal that meets your coverage needs and budget. Websites like Policybazaar UAE can be valuable resources for comparing car insurance policies, understanding coverage options, and making informed decisions.